Amazon and Bitcoin | Bitcointalksearch.org

Indamuck

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Quote from: LeGaulois on May 07, 2019, 02:18:55 AM

Quote from: bitcoinblog on May 06, 2019, 10:07:13 PM

Quote from: mopap on April 20, 2019, 02:36:36 AM

We really need Amazon to start accepting Bitcoin as payment again.

Has anyone heard anything in this space?

There are mediums to use Bitcoin on amazon , but not directly. Big companies like Ebay , amazon cant use bitcoin as it is too much Volatile and they cant justify there sellers with the price. I prefer they stay with USD it will not make there sellers loss.

The volatility isn't an excuse for merchants. I don't understand why people keep repeating the same argument. Most of them get the coins directly converted to fiat once the sale is finished, there is no loss due to volatility. Also, following your logic, a large company can't start to accept BTC, but a medium or small company can. Why? The volatility depends on how big is the company? And they don't have to "justify" the price to sellers, do they do it with the dollar, euro, etc...?

I think its because large companies are usually owned by shareholders and they can't be taking huge risks when they have all their investors to answer to. Since small companies are usually privately owned they can afford to partake in more risky behavior.

bitcoindusts

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There was a thread created few weeks ago regarding this matter, actually it was a news that says there is a browser extension that connects to Amazon and offers option of payment in bitcoin. A lot did not agree with the idea because there could be possible risks or danger in the part on the buyer and besides the channel that they will be using was not that known much.

LeGaulois

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Quote from: bitcoinblog on May 06, 2019, 10:07:13 PM

Quote from: mopap on April 20, 2019, 02:36:36 AM

We really need Amazon to start accepting Bitcoin as payment again.

Has anyone heard anything in this space?

There are mediums to use Bitcoin on amazon , but not directly. Big companies like Ebay , amazon cant use bitcoin as it is too much Volatile and they cant justify there sellers with the price. I prefer they stay with USD it will not make there sellers loss.

The volatility isn't an excuse for merchants. I don't understand why people keep repeating the same argument. Most of them get the coins directly converted to fiat once the sale is finished, there is no loss due to volatility. Also, following your logic, a large company can't start to accept BTC, but a medium or small company can. Why? The volatility depends on how big is the company? And they don't have to "justify" the price to sellers, do they do it with the dollar, euro, etc...?

bitcoinblog

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Quote from: mopap on April 20, 2019, 02:36:36 AM

We really need Amazon to start accepting Bitcoin as payment again.

Has anyone heard anything in this space?

There are mediums to use Bitcoin on amazon , but not directly. Big companies like Ebay , amazon cant use bitcoin as it is too much Volatile and they cant justify there sellers with the price. I prefer they stay with USD it will not make there sellers loss.

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That would be a game changer, I'm optimistic of that happening, but I don't want to expect that it will be soon, maybe in the long run
when more and more institutional money coming in the space. All I read in the internet is just a mere speculation, no confirmation from Amazon yet.

neonshium

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Quote from: elisabetheva on May 01, 2019, 08:16:06 PM

Quote from: mopap on April 20, 2019, 02:36:36 AM

We really need Amazon to start accepting Bitcoin as payment again.

if for me it is really not very important to be able to do Amazon transactions using bitcoin. maybe there is something that actually requires once there can be transactions with bitcoin.
indeed it was finally returned to individuals.

Quote from: mopap on April 20, 2019, 02:36:36 AM

Has anyone heard anything in this space?

I don't seem to have listened and it seems because I feel I don't need it, I just want to know, but I might not use it.

We are perhaps in need of it. Why would we not appreciate bitcoins being used on amazon? Instead it would make our daily purchases much easier. There are platforms where we could buy amazon giftcards for bitcoins but soon the day should arrive when we could directly shop on amazon with our bitcoins.

The day this will come true will be the day when bitcoins will expand globally and lot of new peoples who never had any relation with cryptocurrencies will come to know about bitcoins and the demand for bitcoins will constantly keep rising up. For now, we need a mass amount of peoples to see how bitcoins regulate and to trust them and in such situation, amazon accepting bitcoins would really be a good headstart.

guoyu78

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Quote from: mopap on April 20, 2019, 02:36:36 AM

We really need Amazon to start accepting Bitcoin as payment again.

Has anyone heard anything in this space?

There was a lot more news about the same in the past and also there were some petitions where bitcoins were been demanded to be used in major marketplaces like amazon, aliexpress, etc but it didn't really showed any growth. Amazon has a great opportunity to start accepting bitcoins as what I think is doing so will maximize the amount of users on their platform and also a lot of crypto enthusiasts will start buying/selling on amazon which will expand the marketplace entierly throughout the globe. There really is a need for bitcoins to have such major growth as it may lead in the hike of price. Bitcoins possesing various benefits may soon be accepted on such major marketplaces.

elisabetheva

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Quote from: mopap on April 20, 2019, 02:36:36 AM

We really need Amazon to start accepting Bitcoin as payment again.

if for me it is really not very important to be able to do Amazon transactions using bitcoin. maybe there is something that actually requires once there can be transactions with bitcoin.
indeed it was finally returned to individuals.

Quote from: mopap on April 20, 2019, 02:36:36 AM

Has anyone heard anything in this space?

I don't seem to have listened and it seems because I feel I don't need it, I just want to know, but I might not use it.

LeGaulois

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Quote from: shield132 on April 30, 2019, 03:22:10 AM

There would be no problem with refunds, as Amazon is the intermediary between the 2 parties and everything is automated anyway. Amazon doesn't have relationships with credit cards companies, it does with banks.

Quote from: slaman29 on April 30, 2019, 04:09:55 AM

By accepting Bitcoin as a currency method, merchants aren't interested to hold the bitcoins in the hope its value increase the next week. They usually convert to fiat by the way. They just hope to increase their sales

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Quote from: gentlemand on April 20, 2019, 06:31:50 AM

I have no idea why people have such a boner about this. It's irrelevant. If people wanted to spend their BTC we'd see ever expanding merchant adoption but it's been consistently falling.

The only incentive is on the merchant side. It's superb for them. For the customer there's no reason for them to use it. Since most merchants don't make enough profit to be able to offer the discounts that might draw people in it's a dead end.

If I were Amazon I might go as far as officially sanctioning one of the places that does gift cards for BTC. There's no need for them to go any further.

This is exactly what I tell people also! I can understand for merchants they have almost no motivation to accept Bitcoin. Get a new wallet, what? It may be worth half of what is was last week or twice as much, what? You still need to sell it to get cash, what?

So the easiest? Have a section called crypto and say: we don't accept crypto directly but you can buy gift cards with bitcoin here and here, and we accept those. Finito.

shield132

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Quote from: Kakmakr on April 20, 2019, 02:47:51 AM

I doubt if Amazon would dip their payment feet into Bitcoin soon, because of two reasons. 1. They have a strong partnership with PayPal and Credit card companies and they will not jeopardize that relationship. 2. Bitcoin are not acknowledged as a "currency", but rather as a commodity, so the legal issues and accounting problems will be significant, if they experiment with payment options that are not defined as a currency.

We might see more merchants accepting Bitcoin as a payment option, as soon as regulators sort out the regulation regarding Crypto currencies and the definition of currencies. Wink

They have strong partnership with credit card companies, not with paypal, they don't accept it but rarely have some relationship for some reasons. Amazon's aim is promoting amazon payments but accepting of crypto won't ruin their plans. Problem is that there is not so massive demand and refund system seems difficult task in this situation. Personally I don't want to see amazon accepts bitcoin for some reasons but will be glad if some ebates similar companies will offer me bitcoin/altcoin payments.
Still, bitcoin wasn't meant to have huge demand.

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Quote from: jak3 on April 29, 2019, 04:20:38 PM

Omg people keep repeating one single topic again and again. like seriously why do you even care anymore to make amazon accept cryptocurrencies. they simply are going to take their time they are like being mommy here. in the meantime, there are a lot of amazon gift cards you can buy at a marketplace in this forum if you feel lonely so its 100% amazon accepted right now even if it is not official.

Isn't it obvious? People don't want an alternative way to get around the fact that Amazon doesn't accept Bitcoin. People want them to accept Bitcoin solely because they believe the price will pump hard.

I hate to pop people's bubble, but I have to point out that Amazon with a very high probability isn't going to accept something like Bitcoin. It doesn't work on a large scale, and it might end up working against them.

What if a certain percentage of their customers get so upset about them using Bitcoin that they will ditch Amazon and look for an alternative? People here don't think about it, but it's quite a realistic scenario.

Not using Bitcoin is the safest bet.

jak3

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Omg people keep repeating one single topic again and again. like seriously why do you even care anymore to make amazon accept cryptocurrencies. they simply are going to take their time they are like being mommy here. in the meantime, there are a lot of amazon gift cards you can buy at a marketplace in this forum if you feel lonely so its 100% amazon accepted right now even if it is not official.

CryptoBry

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Quote from: mopap on April 20, 2019, 02:36:36 AM

We really need Amazon to start accepting Bitcoin as payment again. Has anyone heard anything in this space?

A lot of people have been clamoring for Amazon to consider accepting Bitcoin as one of the mode of payment available on the giant eCommerce site but until now it seems that Amazon is not really interested. And it can be because they know for sure that the market is not that viable enough...they know that other merchants have done the same and the business volume they experienced is not really impressive. Amazon is business, they want to make money and they know when it is time to be a part of the bandwagon if they can see one.

LeGaulois

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Dude, people spend their money in Amazon, they don't invest in. And its the type of company that will do fine with or without Bitcoin lol. If a day happens Amazon is interested to use the cryptography and/or to issue a coin it would rather create its own coin rather than add Bitcoin as a payment method.

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Quote from: arpon11 on April 25, 2019, 03:50:22 AM

Quote from: mopap on April 20, 2019, 02:36:36 AM

We really need Amazon to start accepting Bitcoin as payment again.

Has anyone heard anything in this space?

We are not seeing that happening now but it is going to happen in future. A time will come that any business that has not adopting bitcoin or blockchain technology will not survive including big online store like amazon and Ali express. However bitcoin need to be a bit stable for it to used as a mode or medium of exchanging goods and services. The up and down of the market is the many reason why big wholesales and retails business cannot used it. Amazon will certainly adopt bitcoin in future but the time is not what we can tell now.

Amazon will surely accept bitcoin as they will see more investors and business community is attractive towards it. No company can survive in future if they do not accept digital currencies in the future. The Mass adaption phase of crypto is yet to come and at that time we will see big companies migrating to bitcoin for their payment solutions.

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Quote from: coolcoinz on April 27, 2019, 12:21:38 PM

I don't really need Amazon to take my coins directly, as long as there are reliable intermediaries.

Yup. That's as far as it needs to go really. Bitcoin spenders are a niche inside a niche. It works well enough with third parties who take on all the risk and all the ball ache. Amazon don't need to expend any effort and they won't. If I were them I'd look to expand availability to approved card vendors and that's it.

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I've been using Amazon with the help of Bitpanda for quite some time and it's almost as smooth as direct payments. You basically get an almost instant transfer from the exchange to your Amazon account. Of course this is only for the German Amazon as all branches like UK, US, DE, have their own laws and requirements.
I don't really need Amazon to take my coins directly, as long as there are reliable intermediaries.

elisabetheva

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It seems that if I don't miss the news, I've never heard that Amazon started accepting payments using bitcoin. because it might need preparation so that it can be realized and that may not be easy because we know the price of bitcoin is not stable at all times, so there may be difficulties in determining the value of payments. who doesn't want comfort, of course, all want.

arpon11

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Quote from: mopap on April 20, 2019, 02:36:36 AM

We really need Amazon to start accepting Bitcoin as payment again.

Has anyone heard anything in this space?

We are not seeing that happening now but it is going to happen in future. A time will come that any business that has not adopting bitcoin or blockchain technology will not survive including big online store like amazon and Ali express. However bitcoin need to be a bit stable for it to used as a mode or medium of exchanging goods and services. The up and down of the market is the many reason why big wholesales and retails business cannot used it. Amazon will certainly adopt bitcoin in future but the time is not what we can tell now.

Topic: Amazon and Bitcoin (Read 636 times)